Verizon Communications Inc. VZ Income Statement

Verizon communications inc. (VZ)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08	Jun'08
Operating Revenues
Revenues
131,350	131,868	131,374	131,087	131,219	130,863	130,537	129,647	127,992	126,034	124,419	123,639	123,623	125,980	127,894	130,115	131,807	131,620	130,558	128,986	128,245	127,079	124,952	123,645	121,948	120,550	119,530	118,258	117,024	115,846	114,237	113,143	112,127	110,875	108,834	107,405	106,642	106,565	107,261	108,042	108,130	107,808	105,469	102,328	0	0	0
Operating Expenses
Selling, general and administrative expense
31,283	29,896	31,092	31,100	31,437	31,083	30,153	30,412	28,690	28,592	22,613	23,356	27,248	28,102	33,006	33,089	31,288	31,627	41,079	41,047	40,623	41,016	27,016	26,776	27,273	27,089	40,240	40,569	40,399	39,951	37,221	36,544	36,040	35,624	27,637	28,355	30,952	31,366	33,249	32,953	30,854	30,717	30,422	28,839	0	0	0
Depreciation and amortization expense
16,601	16,682	16,929	17,192	17,310	17,403	17,507	17,402	17,219	16,954	16,485	16,155	15,970	15,928	15,980	16,047	16,045	16,017	16,046	16,204	16,385	16,533	16,648	16,635	16,625	16,606	16,560	16,573	16,550	16,460	16,503	16,515	16,500	16,496	16,399	16,243	16,307	16,405	16,565	16,714	16,628	16,534	15,943	15,355	0	0	0
Total Operating Expenses
102,102	101,490	106,998	107,216	108,581	108,585	103,435	103,232	100,180	98,609	92,242	91,910	95,354	96,731	101,559	102,785	101,210	101,005	109,378	108,451	107,846	107,480	91,154	89,609	89,042	88,582	102,794	103,167	102,837	102,686	99,020	98,762	98,505	97,995	88,431	88,266	91,985	91,920	96,147	96,325	92,405	91,830	88,198	84,497	0	0	0
Operating Income (Loss)
29,248	30,378	24,376	23,871	22,638	22,278	27,102	26,415	27,812	27,425	32,177	31,729	28,269	29,249	26,335	27,330	30,597	30,615	21,180	20,535	20,399	19,599	33,798	34,036	32,906	31,968	16,736	15,091	14,187	13,160	15,217	14,381	13,622	12,880	20,403	19,139	14,657	14,645	11,114	11,717	15,725	15,978	17,271	17,831	0	0	0
Equity in losses of unconsolidated businesses
-21	-15	44	42	-173	-186	-256	-275	-75	-77	-106	-107	-99	-98	-79	-74	-72	-86	-101	-131	-156	1,780	1,819	1,886	2,049	142	221	264	216	324	334	397	446	444	460	476	476	508	526	551	558	553	633	617	0	0	0
Other income, net
-3,052	-2,900	738	1,062	2,734	2,364	-803	-1,308	-1,469	-2,021	-2,811	-2,423	-4,448	-3,789	776	730	2,588	2,631	-279	-259	-225	-1,194	-1,007	-1,058	-1,099	-166	-995	-1,005	-996	-1,016	-21	-7	-31	-14	113	38	44	54	25	89	84	91	182	261	0	0	0
Interest expense
4,554	4,730	4,770	4,835	4,842	4,833	4,853	4,806	4,802	4,733	4,651	4,525	4,320	4,376	4,417	4,581	4,776	4,920	5,024	5,077	5,033	4,915	4,694	3,994	3,344	2,667	2,181	2,258	2,423	2,571	2,699	2,765	2,803	2,827	2,691	2,590	2,552	2,523	2,642	2,749	2,857	3,102	2,856	2,555	0	0	0
Income Before Provision For Income Taxes
21,621	22,733	20,388	20,140	20,357	19,623	21,190	20,026	21,466	20,594	24,609	24,674	19,402	20,986	22,615	23,405	28,337	28,240	15,776	15,068	14,985	15,270	29,916	30,870	30,512	29,277	13,781	12,092	10,984	9,897	12,831	12,006	11,234	10,483	18,285	17,063	12,625	12,684	9,023	9,608	13,510	13,520	15,230	16,154	0	0	0
Provision for income taxes
2,706	2,945	3,752	3,779	3,824	3,584	-11,567	-11,405	-10,197	-9,956	8,242	8,296	6,671	7,378	8,094	8,460	9,870	9,865	5,062	4,731	4,677	3,314	7,896	7,066	5,834	5,730	76	-327	-522	-660	560	485	394	285	3,227	2,849	1,462	2,467	1,110	1,506	2,801	1,919	2,774	3,181	0	0	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
18,915	19,788	16,636	16,361	16,533	16,039	32,757	31,431	31,663	30,550	16,367	16,378	12,731	13,608	14,521	14,945	18,467	18,375	10,714	10,337	10,308	11,956	22,020	23,804	24,678	23,547	13,705	12,419	11,506	10,557	12,271	11,521	10,840	10,198	15,058	14,214	11,163	10,217	7,913	8,102	10,709	11,601	12,456	12,973	0	0	0
Net income attributable to noncontrolling interests
526	523	527	522	518	511	499	477	467	449	440	451	464	481	498	504	497	496	875	643	411	2,331	4,679	8,124	11,186	12,050	11,504	10,857	10,365	9,682	17,506	12,644	8,189	7,794	-324	3,878	7,618	7,668	7,413	7,085	7,017	6,707	6,483	6,294	0	0	0
Net income attributable to Verizon
18,389	19,265	16,109	15,839	16,015	15,528	32,258	30,954	31,196	30,101	15,927	15,927	12,267	13,127	14,023	14,441	17,970	17,879	10,257	9,914	9,897	9,625	16,923	15,460	13,492	11,497	2,201	1,562	1,141	875	3,081	2,867	2,651	2,404	7,066	6,346	3,545	2,549	500	1,017	3,692	4,894	5,973	6,679	0	0	0
Basic Earnings Per Common Share
Net income attributable to Verizon (USD per share)
1.00	1.23	1.26	0.95	1.22	0.46	1.19	1.00	1.11	4.56	0.89	1.07	0.85	1.10	0.89	0.17	1.06	1.32	0.99	1.04	1.03	-0.64	0.89	1.02	1.15	1.77	0.78	0.78	0.68	-1.48	0.56	0.64	0.59	-0.72	0.49	0.57	0.51	0.93	0.23	-0.42	0.16	0.21	0.41	0.52	0.58	0.59	0.66
Weighted-average shares outstanding (in shares)
4,139	4,138	4,138	4,138	4,138	4,137	4,136	4,135	4,104	4,088	4,084	4,082	4,082	4,082	4,079	4,079	4,080	4,073	4,072	4,079	4,116	4,172	4,152	4,147	3,425	2,867	2,866	2,865	2,866	2,864	2,857	2,849	2,842	2,836	2,834	2,832	2,830	2,828	2,829	2,827	2,836	2,841	2,841	2,841	2,841	2,844	2,850
Diluted Earnings Per Common Share
Net income attributable to Verizon (USD per share)
1.00	1.23	1.25	0.95	1.22	0.46	1.19	1.00	1.11	4.56	0.89	1.07	0.84	1.09	0.89	0.17	1.06	1.32	0.99	1.04	1.02	-0.63	0.89	1.01	1.15	1.76	0.78	0.78	0.68	-1.48	0.56	0.64	0.59	-0.72	0.49	0.57	0.51	0.93	0.23	-0.42	0.16	0.21	0.41	0.52	0.58	0.59	0.66
Weighted-average shares outstanding (in shares)
4,141	4,141	4,140	4,139	4,140	4,142	4,140	4,139	4,107	4,093	4,089	4,087	4,087	4,088	4,086	4,085	4,085	4,088	4,078	4,085	4,121	4,182	4,159	4,153	3,430	2,878	2,874	2,872	2,872	2,875	2,866	2,858	2,849	2,845	2,839	2,838	2,834	2,838	2,830	2,827	2,837	2,841	2,841	2,841	2,841	2,845	2,851
Dividends declared per common share (USD per share)
-	-	-	-	-	-	-	-	-	-	0.59	0.57	0.57	-	0.57	0.56	0.56	-	0.56	0.55	0.55	-	0.55	0.53	0.53	-	0.53	0.51	0.51	-	0.51	0.50	0.50	-	0.50	0.48	0.48	-	0.48	0.47	0.47	-	0.47	0.46	0.46	0.46	0.43
Service and Other
Revenues
110,589	110,305	109,761	109,262	109,070	108,605	108,625	108,736	107,827	107,145	106,275	105,723	106,301	108,468	110,714	112,767	114,302	114,696	114,947	115,177	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Wireless equipment
Revenues
20,761	21,563	21,613	21,825	22,149	22,258	21,912	20,911	20,165	18,889	18,144	17,916	17,322	17,512	17,180	17,348	17,505	16,924	14,005	12,100	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of services and equipment
22,298	22,954	22,827	22,834	23,212	23,323	23,534	23,010	22,648	22,147	22,164	22,439	22,048	22,238	21,722	22,198	23,009	23,119	16,516	16,006	15,544	21,625	4,816	10,570	16,610	16,353	45,994	46,025	45,888	46,275	45,296	45,703	45,965	45,875	44,395	43,668	44,726	44,149	46,333	46,658	44,923	44,579	41,833	40,303	0	0	0
Service
Cost of services and equipment
31,734	31,772	31,559	31,499	32,031	32,185	32,241	32,408	31,623	30,916	30,980	29,960	30,088	30,463	30,851	31,451	30,868	30,242	28,617	28,122	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-